So overall It was a pretty good, but boy could it have been better...
Tim called out 3 trades today. Two of them were amazing($HGSH,$CADC). and the third one was still good($ATML).
Im going to start out with ATML since it was the first alert this morning. Tim picked it up at 4.85, I believe because their earnings had just come out, So I put in my order and got in at 4.86. Shortly after purchasing, Tim had realized that their earnings report actually not as good as it seemed. After hearing this I was able to get out at 4.88 for a small profit.
Here is the Chart.
Heres a link to the trade: http://profit.ly/1Mn9HU
The second call out was HGSH. China HGS Real Estate, Inc. is one of those stocks that just popped over 100% on no news at all, and I believe there was no one promoting it either. Since this was the case, the stock was bound to fall sooner or later so Tim shorted it for a $4000.00 gain... Sadly I wasn't able to find any shares to short so I was unable to get in on this bad boy.
Take a look at this chart.
The third call out was CADC, and if you thought the reason why I missed that last short was bad, wait till you hear this. I am Lubbock,TX right now visiting my sister at college, and of coarse, I forgot my lap top. Thankfully my sister was letting me use hers in the morning so I was able to make the trades I did. Right before Tim calls out this stock, my sister has to go to class...No more laptop... No more trades for me(till around 1). So Tim makes the call shortly after I lose access to the laptop to short the stock at around .90 a share. The stock then falls nearly 20% to about .69 and I miss another amazing trade.
Another great looking chart.
Enough about missed opportunities. After getting my sisters lap top back, I saw that ACTV had gaped down in the open and it was continuing to fall, so I knew something was up and starting looking for any information about the company online and in the chat rooms. What I found is that The The Active Network, Inc. is a small company that makes computer applications, and after reading news that they need to cut nearly 28% of their work force I understood why it had gapped down so much. So I shorted the stock at 5.40, hoping it would go down to about 5.00. Sadly the stock started to bounce back so I sold at 5.53 for a loss of $65(Thank god considering it bounced all the way to 5.79 and my losses could had been two times what they were).
Here is a Link to that trade: http://profit.ly/1Mn9HP
After that crazy bounce the stock began to fall to around 5.50, but it was staying there making it seem like it could bounce upwards again. So I watched the stock to see if it would crack 5.50 and it did. Once it cracked I shorted it at 5.45(500 Shares). The stock continued to drop all the way to the 20's and everything seemed great. Then I noticed that some how I had sold 350 of my shares at MARKET price?!?!? What the F*** is that. I ended up selling most of my position at 5.3825 for a small gain($18.00), but it would have been much more if this BS didn't happen. I am still 150 shares short and I plan to get rid of them premarket monday since it seems like the stock might rise because of what its doing in the after hour market...
Here's the Chart:
Here is a Link to this trade: http://profit.ly/1Mn9Hr
So even though I did not come out positive today, I am still happy that I was able to cut my losses quick with ACTV when I saw it going bad, and because I was able to make back about half of those losses when I saw the bounce coming down. Considering I could have been $270 down if I didn't cut my losses on ACTV, it was a pretty dam good day. Thank God its Friday and I hope everyone has a good weekend.
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Good post....
ReplyDeletemicrocap investing